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Microsoft doubles budget for employee salaries to address inflation, retain talent

Microsoft
New York Post Fews App News Provider
Fews App Post Time 40d ago

More On: microsoft Microsoft hires up in China for secretive, ‘revolutionary’ real estate project Bill Gates says fundraising meetings with Jeffrey Epstein were a ‘huge mistake’ US stocks plummet as Microsoft, Google kick off key tech earnings Activision beats back shareholder lawsuit over sex bias claims Microsoft plans to boost salaries and benefits to retain its talent in the competitive labor market as decades-high inflation has sapped the buying power of American workers. The Seattle-based tech giant said Monday it would “nearly double” its budget for employee pay as part of its retention efforts. Microsoft is also increasing the range of its stock-based compensation by at least 25%.

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